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Search Results 0 to 49 of about 2,432 (some duplicates have been removed)
CSPAN
Nov 11, 2012 10:00am EST
noted for the anti-tax plans. our panel of journalists, steven sloan from politico and russell berman from "the hill" >> thank you for being here. i want to talk about your interpretation of the election and what it means for the direction of tax policy. >> we had a split decision appeared the president won by two points. he won by 7.2 years ago against a war hero. he and 9 million fewer votes. he is a lame duck now. he said he was interested in raising taxes a year from now on anyone. his physician from four years ago was that they would not raise taxes on anyone. he was very clear and no taxes if you made less than $250,000. this year august 8, he started with a new framework. my plan is that i will not raise taxes on anyone who earns less than $250,000 a year. his only promising -- he is only promising not to raise income taxes. this is not include energy taxes. is only promising to protect income taxes for one year. at the end of the year, he has promised the middle-class nothing. you have one guy says he will raise taxes on the rich people to get you ready for everybody else pick
CSPAN
Nov 11, 2012 6:00pm EST
. we are joined by kathy kiely. later, a discussion about tax rates and which tax cuts are expected to expire at the end of the year. lindy paul is our guest. "washington journal" host: [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> our guest is grover norquist. president of americans for tax reform. plans. our panel of journalists, steven sloan from "politico" and russell berman from "the hill." >> thank you for being here. i want to talk about your interpretation of the election and what it means for the direction of tax policy. >> we had a split decision appeared the president won by two points. he won by 7.2 years ago against a war hero. he had 9 million fewer votes. he is a lame duck now. he said he was interested in raising taxes a year from now on anyone. his physician from four years -- position from four years ago was that they would not raise taxes on anyone. he was very clear and no taxes if you made less than $250,000. this year august 8, he started with a new framework. my plan is that i will not raise
CNN
Nov 11, 2012 12:00pm PST
washington acts. $7 trillion in across-the-board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question? will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. it starts with averting this disaster of our own making. i repeat that. the fiscal cliff. we've got it covered from all angles as only cnn can. christine romans is host of cnn's "your bottom line." david walker spent a decade overseeing the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. hisfirm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff
CSPAN
Nov 14, 2012 7:00am EST
are tax changes. those are individual tax rates, tax breaks for businesses at stake. the alternative minimum tax that could hit more middle income families. and then these mandated spending cuts that the budget control act put in place, those are called the sequester. those would have the federal government spending across a bunch of different things like health care spending, biomedical research, education. and the other half of that would hit defense. host: the rest of the world is waking up to it. the front page of usa today says -- we are facing a real cliff hanger. take a store with the fiscal cliff is. guest: it is all these different things, a lot of consumers face. one thing i thought was right about that usa today story is that it lays out how it will affect consumers. and about 90% of all americans could face potential increases in their tax bills. that could be everything from the payroll tax holiday expiring and seeing as paychecks go up. to seeing your individual tax in it, rate go up. and so these are a lot of different things that affect people's pocketbooks. and this
FOX Business
Nov 11, 2012 9:30am EST
one business block continues. voting for higher taxes. voters in california chooses to increase their own taxes over the threats from the governoro shorten the school year. we should make it shorter to save taxpayers money everywhere. i am cheryl casone. we have tracey and john and wapeand julian. and tracey. john, you say shorten the school year before raising taxes. what is the problem? >> you know me. i am all about the kids. i am all about the taxpayers, too. we know that public schools have been a failure and short of privatizing them, best thing to do cut them 25 percent. that would be a good start. not only help the kids but improve their education and help the taxpayers who wouldn't be forced to continue to participate in a failing system. >> tracey is all about the kids. yawn thon -- johnathon. >> watch out big bird. i can't believe we are talking about imposing on our children the gross mistakes the adults have made. the education system is not a total failure. there are definitely issues with it but the choice of putting a kid in the classroom or letting them in the s
CNBC
Nov 9, 2012 7:00pm EST
between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll be facing this. why all of the bickering when it equates to just one quarter of 1% of gdp. all right, supply side art mentor will join us to discuss. >>> also tonight, a shocker, david petraeus quits in disgrace or was he forced out just days before he was to testify in front of congress over the benghazi embassy terror attack. will we ever get the real answers? was the threat of blackmail behind this? >> we begin this evening with the president pushing congress to come together right now and solve the fiscal cliff mess. let's give peace a chance. >> cnbc's chief washington correspondent john harwood joins us now with the details. good evening, john. >> reporter: good evening, larry. the white house threat toned veto any legislation extending those top-level bush tax rates. we've got to look closer at two the two principal negotiator his to say today because th
SFGTV
Nov 10, 2012 12:30am PST
i. no. 4, please. >> i. no. 4, ordinance amending the san francisco business and tax regulation code article 12a by amending section 906.5 to priest the payroll expense tax exclusion for small business net new payroll for years 2012 through 2015 from terminating in event that the voters of the city and county of san francisco pass a gross receipts tax. >> thank you victor. we have legislationoff aide to supervisor farrell, catheryn stephanie, welcome. >> good morning, supervisors, cathery stephanie, lengthiest aide to supervisor farrell. what have you before you is clean-up legislationings that follows our payroll tax exclusion legislation that was drafted before the gross receipts ballot language was finalized and submitted. so it was originally drafted and legislation will actually terminate upon passage of the gross receipts tax prior to the end of 2012. of course that is assuming that proposition e does pass on november 6th. this legislation before you amends it, so it no it longer terminates november 6th and allows the exemption to remain in effect for tax years 2012-2015.
CSPAN
Nov 16, 2012 9:00am EST
untenable situation of the sequester and the tax increases for everybody. so that got to work on a short-term deal, and then hard work on a pretty fundamental look at the tax system, and more or less at the same time you've got to look at certainly social security. certainly you've got to look at medicare, and what can you do that is convincing in terms of the other expenditures over a period of time. i think that's a very tough thing, but these are a consensus on the broad level of spending that we're willing to pay for in taxes. and i'm afraid that that's more than 20%, which is what the historic relationship has been to gdp. but i don't know as it has to be much above that. that's the question. >> you, alan? >> well, everyone is saying the right things. i mean, both the white house and the congress, they have been saying the right thing for a long time, but nothing's happened. so i basically say to unless and until we are willing to forgo some of our privileges on both sides of the aisle, we can talk all, we can posture as much as we'd like, but it's not going to make any differ
MSNBC
Nov 9, 2012 2:00pm EST
. president obama just moments ago putting more pressure on congress to extend tax cuts for the middle class. it's the president's first public comment sin winning re-election. the president urged leaders to take action on the areas where they agree and find compromise where they cannot or can't find common ground. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> we also learned today just in the past few hours the president has invited leaders from both parties to the white house next week to start negotiations. despite talk of wanting to work together, both sides have drawn some lines in the sand when it comes to taxes. house speaker john boehner earlier today said it's possible to get the nation's financial house in order without tax increases. >> i don't want to box myself in, and i don't want to box anybody else in. i think it's important for us to come to an agreement with the president, and by lowering rates and cleaning up the t
FOX Business
Nov 10, 2012 2:00am EST
seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you know, this comes down to chime in. you have the fiscal cliff. what democrats want to do really -- what they want to do is use this moment with maximal pressure to force through a deal on taxes that allows the 250,000 and above grateful backup to the clinton rate and then push through a long-term extension for everything under that. now, you also have the sequestration cuts for programs and kick it fo
FOX Business
Nov 9, 2012 8:00pm EST
assumed? not that just they go up and taxes go up because i think they are, but what he left open today in the east room is how far they go up and when they go up. it could be a return of the olive branch first offered by spaker boehner. who am i to say? this much i will say kicking things off tonight. there is the makings of a deal here, an agreement in the political posturing and theater that is famous in washington. each side trying to very carefully dance off the cliff without looking like it produced the disaster. there is, in the president' remarks today and boehner's yesterday, the inkling of an overture on each side, now, how much of one? with 52 days left to go, how real? rich edson in washington reading between the lines. what do you think, rich? >> well, neil, there's plenty of space. there's not that many details discussed. neither side says they want to box the other in the corner beginning negotiations. president obama, though, made it fairly clear he wants taxes to go up on wealthier taxpayers saying after the election, he was re-elected, democrats back in the senate, and
FOX Business
Nov 15, 2012 6:00pm EST
, the democrats control the senate and the white house and making it clear, tax hikes on those making about $250,000 are coming. the market thinks we are driving right over that fiscal cliff. take a look. since election day the major averages are down at least 5%. the dow, nasdaq, as and become even the russell 2000, small-cap stocks dropping sharply. so, where republicans go from here? we will hear from one congressman coming up. for now, joining us, we have met he declared from americans for tax reform, the group that has played a big part in shaping gop attitude toward tax policy. thanks for coming in the show. we have a lot of really surprising headlines tonight, but i want to start with this idea that the fiscal cliff is something, this is what the democrats are saying, that this is up to the president and the democrats. they say were not going to give the gop of voice. our way or the highway. and of the president starts every speech saying out compromise, but the ins in a totally different way. have you read this? >> it's interesting that you have democrats, leftists saying that
FOX Business
Nov 10, 2012 12:00am EST
. >>> plus a report says tax hikes on the wealthy won't kill economic growth. you have to check that math. one of the biggest supporters of taxing the rich is here to disagree with me. >>> west gait resorts ceo threatens layoffs if president obama was reelected. now he is singing a very different tune. you won't belief what he really did. david siegel joins me to explain why. even when they say it's not it is always about money. melissa: and first, let's take a look at the day's market headlines. stocks squeaked out small gains following their biggest two-day decline for the year. concerns about the fiscal cliff still lingering but better than expected consumer sentiment gave a little optimism to investors. the dow closed up four points. groupon's shares nosedived more than 30% today. the daily deal site reported disappoint earnings on both of top and bottom line. the stock is down more than 86% from its $20 a share ipo price. >>> shares of kayak soared close to 28%. priceline.com announced it will acquire the on line travel site for $1.8 billion. it is their lucky day. >>> let the r
FOX Business
Nov 9, 2012 9:00pm EST
anhe says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you know, this mes down to chime in. you have the fiscal cliff. what democrats want to do really -- what they want to do is use this moment with maximal pressure to force through a deal on taxes that allows the 250,000 and above grateful backup to the clinton rate and then push through a long-term extension for everything under that. now, you also have the sequestration cuts for programs and kick it forward six months and try to make it part of his bigger broader plan. gerri: republicans want to do is fix some of these loopholes that make the tax code so poplar as far as does lycos. >> you get more revenue because you are simplifying th code. the economy gets a boost, but maybe you cannot deductions for upper income folks. maybe they do end up paying a little bit more. the president still makes me sound out like he is talking about race -- rates. gerri: if he wants to raise taxes, so be it, it will put us into a recession. a
FOX Business
Nov 11, 2012 2:00am EST
pars and no coincidence after the election . taxes are going for individuals and businesses. do they dump the people on medicare and you will see another thing happen, fewer full-time yobs and not catching up in obamacare. >> rick unger, it is not just businesss and folks of businesses making over $150,000.ine those making $50,000 or more it will cost them money . it is going to cost and maybe it is good in the long run but it costs. >> the arguments remind me what we heard in the 60s when fica taxes were doubled to pay for medicare . we survived. you would not imagine calls i have had business owners and cancer survivors it is going to survive and now the law of the land. we'll talk about it in three years and not going to cost a yob. jobs are going to grow. >> is this a rick unger. are you willing to put money on the bet? >> i am absolutely willing to put my money on it >> mike, in fact they put together a list of people who are going to be affected from different income. it will cost you if you are making $50,000 and $75,000 it is $1600. not just the rich and business owners that
FOX Business
Nov 8, 2012 9:20am EST
stuart: try this for fiscal cliff deal, tax now, promise to cut spending later, ignore the deficit. good morning, everyone. three statement. harry reid says tax hikes for the rich, john boehner talks more tax revenue, union boss from xhosas deficits are not priority. read between the lines. taxes up soon, spending may drop later, the debt will go up. that was a big part of the stock sell-off yesterday. the dow is below 13,000. a serious hardship story for you. new york area hit with another storm, more power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of work. and his new boss ld him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busseto waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from ameritrade. stuart: two days
FOX News
Nov 11, 2012 3:30pm EST
taxes to immigration. tuesday was a good day for democrats, but not always for unions, big labor suffered some big losses on ballot measures across the country and we'll tell you where, but first, i'm joined by wall street columnist, peggy noonan, why do you think that mitt romney lost? >> i think that already we know some of the usual suspects even days after the election, the get out the vote effort on the democratic side was, appears to have been a master piece that will probably have impact on national elections going into the future. republicans have a lot to learn there. and there have been demographic changes in america. at the end of the day, i think my surprise about the election was that it was not so close in a way everybody was thinking we'd be up until four in the morning or counting ohio votes for two weeks. that didn't happen. this was a solid win for the president and i think the republican party has much to think about here going into the future. >> paul: thinking is always good. and maybe a step back and give at least some time to think. you wrote in the column,
CNBC
Nov 13, 2012 7:00pm EST
national movement to eat pizza. 48 days until the biggest tax hike in the history of the planet earth. president obama put labor and local interest groups to who knows what. senate minority leader had the perfect response on the senate floor today please take a lis ebb. >> the amount of revenue that they are prepared to put usual over the cliff over wouldn't fund the government for one week. so why in the world would we want to do that? what is the point? to make people feel good about whacking somebody else. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at all? >> it is good to be with you. i think that the minority leader seems to have a math problem. ending the tax cuts for the rich is worth $1 trillion. i think our government spends a little less than $1 trillion. most people think it is $800 billion. this is a ten-year number. you are $80 billion a year. and this is a outside reach. a lot of guys like myself think you are not going to get it. let me ask you this, david, we have a weak economy, i know jobs are growing but they are growing w
FOX Business
Nov 7, 2012 9:00pm EST
lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerr he sad the reelection of the president is not a mandate to ise taxes. this is a huge debate. can hey come together? >> i elieve we can seize the futre together. we're not as divided as our politics suggest as cynical as the pundits believe that greater than the sum and we will remain more than a collectio
CSPAN
Nov 9, 2012 8:00pm EST
potential effects of the fiscal cliff. that is this series of tax increases and budget cuts that take effect in january if congress does not act. the president addressed an audience from the white house east room. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> ladies and gentlemen, the president and the vice president of the united states. [cheers and applause] >> thank you. thank you. thank you, everybody. thank you. thank you very much. thank you. thank you very much. everybody, please have a seat. thank you. good afternoon, everybody. now that those of us on the campaign trail have had a chance to get a little sleep, it is time to get back to work, and there's plenty of work to do. as i said on tuesday night, the american people voted for action, not politics as usual. you elected us to focus on your jobs, not ours. in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. i also intend to bring
FOX Business
Nov 14, 2012 5:00pm EST
, calling for $1.6 trillion, in new tax revenues. probably not what businesses want to hear. will this doubling down derail a deal on the fiscal cliff? >> plus a salary that is as good as gold. one montana lawmaker is demanding to get paid in gold coins. he is here to explain why in a fox business exclusive. >>> screw market prices. one gas station charges $3 more. $3 more per gallon than his nearby competitors. and it is is making a killing. the strategy is far more widespread than you might think. we have details on that coming up. even when they say it's not, it is always about money. melissa: all right. first the day's market headlines. a bad day for stocks just keeps getting worse. a news conference by president obama only amplified fears about the fiscal cliff and down to a 4-month low down 185 points. banks of america led the slide, closing down more than 3 1/2%. one bright spot, cisco shares surged 5% on an earnings beat. >>> now to our top story, president obama may be a betting man because he is trying to double down on how much tax revenue will be raised as part of the fisca
FOX Business
Nov 12, 2012 6:00pm EST
aeal that would prevent more than $600 billion in tax increases and automatic spending cuts. in addition the president has been reelected. obamacare, the president's controversial health care law one of the fully implemented. ceos all across the country are coming out warning of the law's impact on their business. as a result, threatening massive layoffs. joining me now, former commerce secretary under president george of the bush. great to have you on the show, sir. let's start with this meeting the president is calling with union leaders, business leaders. what can they do that congress cannot? >> well, the problem is that they can't do much because the brush of taxes and the rise of regulations that are being thrown at businesses, the only thing they can do is defend themselves from them, but i don't think they can reach in a gram with labor to say that we are not going to a reduced the size of our workforce even though we are not trying to make profits because of obamacare. everyone is criticizing apple bees, but we forget that the purpose of business is to make a profit. ge
FOX Business
Nov 15, 2012 8:00pm EST
, address real spending issues because they are entitlements. they just want taxes raised, double the figure they raised earlier, and lo and behold, democratic senator jay rockefeller and tom harkin, with a letter to the president urging that he did even more sweeping than that. we urge you to reject changes to medicaid and medicare, social security that would cut benefits commences shift costs to alter the structure of these critical programs or force vulnerable populations to bear the burden of deficit reduction deficits. this goes on and on. they are trying to get 30 more senators or so to sign on to that. there are talking about the ratio of so-called spending cuts to revenues more like one-to-one, but a big chunk of those alleges spending cuts are rehashed cuts from last year's debt ceiling agreement. but that back on the table. what we're talking about here, if you're talking 4 trillion in savings over ten years, a trillion that is a free already done. trillion of that is for wars in afghanistan and iraq that have already been factored for being phased out, no real cuts there. a
Current
Nov 12, 2012 8:00pm PST
exit poll after exit poll showed that voters were in favor of increasing taxes on the rich in order to control the deficit. a fact that some on the right seemed to have recognized as negotiations over the upcoming fiscal cliff begin. >> let's have a serious debate. don't cream and yell when we one says it won't kill the country if we raise taxes a little bit on millionaires. >> the persistently grover norquist has not changed his tunes. >> the democrats would like to see tax increases on the american people. we just had an election and the house of representatives was elected committed to keeping taxes low. the president was committed elected on the basis that he was not romney, and that romney was a poopy head and you should vote against romney, and he won by two points. but he didn't make the case that we should have higher taxes and higher spending. it sounded like the opposite. >> i'm not sure what grover norquist meant by that, but then again i rarely under him in the first place. joining me now former secretary under president clinton now a professor at uc berkeley robert reic
CNBC
Nov 14, 2012 7:00pm EST
top bush tax rates will keep us off the fiscal cliff. by the way, that signal cost stocks 185 points on the dow. and because those tax hikes not only threaten future economic growth, they also include big penalties on capital gains, dividends and other forms of investment. plus, get this. the president wants a $1.6 trillion tax hike over the next decade. itself, a horrific number and begs the question, what is the government going to do with all our money? >>> and have you seen this video? in response to weeks of rocket attacks, israel gets their man with this missile attack on the military leader of hamas. now, israel is launching a full-scale ground attack on the hamas terrorists which are backed by iran, of course. by the way, this is all happening while we have no cia director here at home. >>> first up today, in his first news conference since being re-elected, president obama, with rhetoric sometimes reminiscent of his tax-the-rich campaign mantra, he appeared to dig in his heels on extending tax cuts for the wealthiest americans. take a listen. >> there is a package to be shap
CSPAN
Nov 12, 2012 7:00am EST
. notably, he said nothing about raising tax rates. many people are taking this to assume that he is open to that revenue by closing loopholes as opposed to raising tax rates. on capitol hill, most republican leaders, including john boehner, have shifted in recent days, and they are talking more about their openness, much more so than they were before the election. they are saying that they are open to revenue, but only in the formal closing loopholes, not raising rates. host: the front page of "politico," you can check that out. stephen sloan, what is the likelihood that both sides agreed to a short-term deal or a long-term deal in the last 50 days of the lame-duck session? host: -- caller: people want a deal, but the question is if both sides can take the pain that it will take to get to the deal. i am not sure that either side is willing to take that kind of pain. you could still go over the cliff. host: anything else on the agenda this week, as negotiations kickoff? caller: tomorrow night this will be the first time that lawmakers are on capitol hill since september. basically, l
CNBC
Nov 7, 2012 7:00pm EST
include tax and entitlement reform. listen to the speaker today. all right. so we didn't get quite that sound. sorry. maybe we'll pick it up later. what happens to the market? courtney reagan at the real-time exchange breaking it down for us. good evening to you, courtney. >> good evening, larry. last night might have been overwhelmingly blue but today it was all red. the day after the presidential election saw the dow shift 312 points, marking the biggest point loss so far this year for the index. but it could have been worse. at session lows the dow was actually off by 369 points. the sell-off was broadbased and multifaceted. some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple's move into correction territory certainly didn't help things either. now, financials selling off as the market anticipates. another obama term could mean financial regulation is here to stay. coal stocks the hardest hit in the wake of romney's loss. we know he was a supporter. and while not all h
CSPAN
Nov 10, 2012 10:00pm EST
package -- i have one in my home -- you pay on average with taxes in the u.s., $160. in france, you pay $38 u.s., and you get worldwide calling to 70 countries, not just the u.s. and canada you get worldwide television, not just domestic, and your internet is 20 times faster uploading and ten times faster downloading, and you're paying less than 25 cents on the dollar. all these other countries understand, fundamental principle in the 19th century, canals and railroads were the key to economic growth as industrialization came along and you had to move heavy things like steel. as the 20th century came along it was highways, interstate highway program, for example, and airports that were crucial to economic growth. now it's the information super highway. and what does the industry say? don't call it that. the rest of the world -- >> did they literally say that. >> guest: i was told by the pr person at verizon that was not used anymore. that's the only company that actually has fiberoptic to your home. at&t has fiberoptic down the street but not to your home. but the companies are not
FOX News
Nov 13, 2012 4:00pm EST
tech stocks. we have problems. >>neil: read 'em and leap. taxes will go up. and up a lot. speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street journal" reporter says you could be look at 50 percent top rate. or more. here we go. >>reporter: that is true if the live in the state of california or someone like you would works, why know if you live in new york but you work in w york and the tax rates in new york city could go do 50 percent and california as high as 52 percent, we have not seen rates that high since the 1970's. >>neil: leave aside what will happen on health care people forget this is a lot more than just returning to the clinton top rate of
NBC
Nov 11, 2012 5:30am PST
over taxes, but i have to say i have been optimistic the last few days hearing from both sides. you have to say that both sides seem ready to deal. >> i think that's the right way to go. not to push the tax rate up, but to raise revenue by broadening the tax base by putting an overall limit, an overall cap on the extent to which individuals can benefit from these tax expenditures. >> i actually think all of those comments are promising and i think the path that marty has suggested is one reasonable path that needs to be considered. my concern is that the fiscal cliff involves those tax rates that's for the top 250,000 a year and higher. and that's where you have the biggest cleavage between the right wing and the left wing with some people on the left saying we should do the fiscal, we should basically go over the cliff if we cannot raise those rates and others on the republican side saying that is the last thing we will do. i think we may have to essentially get through the kind of temporary extension arrangement, which gets that cleavage off the table. >> it's interesting what's g
Search Results 0 to 49 of about 2,432 (some duplicates have been removed)